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One kind of freedom: the economic consequences of emancipation
Author
Publisher
Cambridge University Press
Publication Date
Varies, see individual formats and editions
Language
English
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Table of Contents
From the Book
What did freedom mean?
The welfare gains associated with emancipation
The potential for economic development
The record of economic growth
The institutional constraints to progress
Chapter 2. The legacy of slavery
Slave literacy
Slave occupations
Education and training of slaves
The slave work ethic
The legacy of slavery: racism
Black education in the postwar period
The black artisan and professional in the postwar period
Chapter 3. The myth of the prostrate South
The recovery of the southern economy
The withdrawal of black labor
The impact of the supply of black labor on agricultural
production
Impact of the war on the factor-labor ratios
The decline in land values
The myth of the prostrate South
Chapter 4. The demise of the plantation
The revival of the plantation system
Black labor in the new system
Economic setbacks in 1866 and 1867
Black dissatisfaction with the plantation system
The disappearance of the plantation
Economies of scale in cotton agriculture
The concentration of landownership
Chapter 5. Agricultural reconstruction
The denial of black landownership
The rise of tenancy
The nature of a sharecropping agreement
Alternative share arrangements
The choice of tenure
Sharecropping and labor control
The efficiency of sharecropping
White tenants and white farmers
Chapter 6. Financial reconstruction
The antebellum financial system
The failure of the cotton factorage system to revive
The reestablishment of southern banking
The rural banker
The rise of the rural cotton center
The reestablishment of southern merchandising
The rural merchant as a financial intermediary
The rural furnishing merchant: heir to the cotton factor
Chapter 7. The emergence of the merchants' territorial monopoly
The merchants' monopoly over credit
The price of credit
The merchants' territorial monopoly
The scale of the mercantile operation
The appearance of new firms
The disappearance of existing firms
The successful firm
The merchant-landowner and the landlord-merchant
Chapter 8. The trap of debt peonage
The decline in the production of foodin the South
The increased concentration upon cotton
The disappearance of self-suffidency following the war
The impact of the cotton lien
The lock-in and persistence of cotton overproduction
The genesis of debt peonage
The "profitability" of cotton
The burden of monopoly
Chapter 9. The roots of southern poverty
The dynamics of southern poverty
The economic impact of racism: education
The economic impact of racism: land tenure
The economic impact of racism: credit
Capital formation and economic growth
The world market for cotton
The South's link to the national economy
The close of the postemancipation era
One kind of freedom
STATISTICAL APPENDIXES
Appendix A. Construction of income and welfare estimates:
1859-1899
Calculation of the exploitation rate of slaves: 1859
Addendum on the profitability of slavery
Computation of labor's share of agricultural
output: 1879
The cost of living: 1859,1879
Appendix B. Occupational distribution of southern blacks:
1860,1870,1890
The occupational distribution of slaves: 1860
Black occupations: 1870
Computation of racial balance index of
occupations: 1890
Appendix C. Estimates of labor supplied by slave and free labor
Labor force participation
Average number of days worked per year
Average number of hours worked per day
Relative efficiency of women and children
Population weights
Appendix D. Calculation of interest charged for credit
implicit in the dual-price system
The Georgia surveys
The Louisiana surveys
The opportunity cost of credit
The risk of default
Supervisory costs
Appendix E. Calculation of food residuals on
southern farms: 1880
Feed grains grown in the South
1; Corn-equivalent units
Feed requirements for livestock
HIuman consumption needs
Tenure
Appendix F Estimates of per capita gross crop output: 1859-1908
Gross crop output: 1866-1908
Detailed description of sources and procedures, crop
estimates: 1866-1908
Aggregate crop output: 1859
Rural population
Addendum on rates of growth in the antebellum South
DATA APPENDIX
Appendix G. Descriptions of major collections of data gathered
by the Southern Economic History Project
1. The Cotton South
2. The sample of southern farms in 1880
3. Other uses of the manuscript census returns
4. The urban South
5. The Dun and Bradstreet archives
Epilogue
A Bibliography of Literature on the South after 1977
Notes
Bibliography
Index.
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Contributors
Sutch, Richard joint author
ISBN
9780521791694
9780521795500
9780521214506
9780521292030
9780521795500
9780521214506
9780521292030
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